GOLD Liquidations

GOLD liquidations are forced closures of leveraged positions on gold-linked crypto derivatives: XAU/USDT perpetuals that track the gold price, plus contracts on the gold-backed tokens XAUT and PAXG. When a trader’s margin can no longer cover losses, the exchange closes the position. The figures here come from the Binance, Bybit, OKX and HTX liquidation streams, and page data refreshes every 5 minutes.

How to read the long and short split

A long is liquidated when the price falls to its liquidation level. A short is liquidated when the price rises to its level. A window dominated by short liquidations means a rally forced bearish positions out. A long-heavy window points to a drop. The split describes what already happened. On its own it is not a long or sell signal, because a liquidation flush can end a move as easily as extend it.

The 1h, 4h, 12h and 24h windows are separate totals, so a quiet hour can sit inside a busy day. Exchange share shows where forced closes occurred, which partly reflects where gold contracts trade.

What sets a liquidation price

As a simplified approximation for an isolated-margin long, ignoring fees and funding:

Liquidation price ≈ entry × (1 − 1/leverage + maintenance margin rate)

Hypothetical example: a long opened at 4,000 with 20x leverage and a 0.5% maintenance rate gives 4,000 × (1 − 0.05 + 0.005) = 3,820. That is a 4.5% drop. At 5x leverage, the same position survives a much larger move. Each exchange sets its own maintenance tiers, so actual levels differ. Rising open interest and stretched funding rates indicate how much leveraged exposure sits near these levels.

Limits of the data

• Only the four streamed venues are counted. CME gold futures are not included, and a CME account closed by its broker does not appear here.
• The history panel covers XAUT and PAXG pairs only, so it can show no activity while XAU contracts are liquidating.
• Liquidations are not liquidity. Order-book depth measures how much size a market can absorb. See the order book and market depth page for that.

For the same breakdown across all coins, see crypto liquidations.